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Don't be surprised if AI tries to sabotage your crypto

Published 06/01/2023, 03:14 PM
Updated 06/01/2023, 05:00 PM

As the world of cryptocurrency trading evolves, so does the technology supporting it. In recent years, we've seen a surge in AI tools like ChatGPT being integrated into various facets of the crypto landscape. This development, while exciting, is not without its drawbacks.

A recent survey by my own exchange — Bitget — found that in 80% of cases, crypto traders admitted to having negative experiences with ChatGPT. Specific examples included false investment advice, misinformation and falsification of facts.

Misleading investment recommendations

ChatGPT wants you to invest in LUNA. Source: Screen capture
ChatGPT still wants you to use FTX. Source: Screen capture

The importance of human expertise in crypto trading

Ethical considerations and data security

Gracy Chen is the managing director of the crypto derivatives exchange Bitget, where she oversees market expansion, business strategy, and corporate development. Before joining Bitget, she held executive positions at the Fortune 500 unicorn company Accumulus and venture-backed VR startups XRSPACE and ReigVR. She was also an early investor in BitKeep, Asia's leading decentralized wallet. She was honored in 2015 as a Global Shaper by the World Economic Forum. She graduated from the National University of Singapore and is currently pursuing an MBA degree at the Massachusetts Institute of Technology.

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